Daily Research 20 Juni 2018

S2 S1 IDX R1 R2
5,858.7 5,946.5 5,993.6 6,103.9 6,179.4
  • Global market traded lower before Indonesian market open today as investor concerns over global trade war caused by US trade policies to China and EU.
  • EIDO dropped 7.6% during long Lebaran holiday from 25.78 at the closing of 7 June in US market to 23.82 at the closing of 19 June.
  • Global commodity prices dropped on trade war issues.
  • We expect IDX to trade lower today as adjustments after long Lebaran holiday as global issues, mainly trade war ignited by US trade policies and rising global interest rates, caused negative sentiment to the overall market.
ACES

Sell on Strength

S2 S1 Level R1 R2
1,230 1,315 1,360 1,390 1,450

ACES was in the positive side but so a position near recent high would have the chance to dampen the gaining turn.

BBCA

Sell on Strength

S2 S1 Level R1 R2
21,500 22,000 22,250 23,150 23,650

BBCA ended the trading negatively with long black candle pattern followed by higher volume indicating a further downturn.

BMRI

Sell on Strength

S2 S1 Level R1 R
6,525 6,775 6,950 7,375 7,675

BMRI closed the session lower with a long black candle formation and high enough volume indicating another weak movement.

INDF

Sell on Strength

S2 S1 Level R1 R2
6,675 6,900 6,950 7,250 7,450

INDF ended the trading negatively with bearish engulfing pattern followed by higher volume indicating a further downturn.

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Kiwoom Trader 20 Juni 2018

Bursa global diperdagangkan menurun menjelang pembukaan pasar Indonesia hari ini dipicu kekuatiran perang dagang atas kebijakan tarif Amerika terhadap China dan Eropa yang akan segera berlaku. Harga komoditas global tertekan dibayangi isu perang dagang. The Fed menaikkan tingkat bunga acuan menjadi 2% pekan lalu, memberi sinyal kenaikan tingkat bunga sebanyak 4 kali tahun ini. Rapat ECB minggu lalu sepakat memulai tapering akhir tahun ini. Kecenderungan investor menghindari pasar saham dan mengalihkan investasi ke pasar obligasi turut menopang kenaikan harga obligasi global. Kami memperkirakan IHSG bergerak cenderung menurun hari ini sebagai penyesuaian pasca libur panjang Lebaran atas berbagai isu global seperti potensi perang dagang Amerika terhadap China dan Eropa serta kecenderungan kenaikan tingkat bunga global. EIDO turun 7.6% selama liburan dari level 25.78 pada penutupan 7 Juni di pasar Amerika ke level 23.82 pada penutupan 19 Juni.

Stock Closing Rec. S2 S1 R1 R2
ACES 1,360 Sell on Strength 1,230 1,315 1,390 1,450
BBCA 22,250 Sell on Strength 21,500 22,000 23,150 23,650
BMRI 6,950 Sell on Strength 6,525 6,775 7,375 7,675
INDF 6,950 Sell on Strength 6,675 6,900 7,250 7,450

Daily Research 7 Juni 2018

S2 S1 IDX R1 R2
5,833.6 5,907.9 6,069.7 6,138.1 6,240.6
  • European market traded mixed ahead of 14 June ECB meeting scheduled to discuss reduction of Euro 30 Billion per month buyback program. Dow Jones gained 1.4% closed at 25,146.4 backed by bank shares.
  • Regional market traded positive this morning.
  • IDX slightly lower as foreign investors booked net sell positions. Indonesian bond market traded lower as rising global yield inevitable ahead of 12-13 June FOMC meeting.
  • In all we expect IDX to trade mixed with lower tendency due to rising global treasury yields.
ANTM

Trading Buy

S2 S1 Level R1 R2
845 880 995 1,050 1,030

ANTM closed the session higher with long white candle and break above high recent level with higher volume indicating another upside potential.

INDF

Sell on Strength

S2 S1 Level R1 R2
6,500 6,800 6,975 7,200 7,450

INDF was in the negative side with a long black candle pattern suggesting a further downside movement.

MNCN

Hold

S2 S1 Level R1 R
1,050 1,100 1,205 1,240 1,300

MNCN has a chance to continue rally after ended trading with high volume. The rally will valid if MNCN break above recent high level (R1).

TINS

Trading Buy

S2 S1 Level R1 R2
920 960 1,000 1,040 1,085

TINS closed the session higher with long white candle and break above high recent level with higher volume indicating another upside potential.

Kiwoom Trader 7 Juni 2018

Bursa Eropa bergerak mixed dibayangi kebijakan fiskal Italia serta rencana ECB melakukan tapering atas QE yang tengah dijalankan saat ini. Rapat ECB akan dilakukan pada 14 Juni 2018 akan membahas pengurangan atas program buyback senilai 30 Miliar Euro per bulan yang dilakukan selama ini. Dow Jones naik 1.4% ditutup pada level 25,146.4 didukung saham bank seperti J.P. Morgan Chase, Bank of America, Morgan Stanley, dan Goldman Sachs. IHSG sedikit turun namun dibayangi aksi jual investor asing. Pasar obligasi mulai mengalami koreksi seiring mulai naiknya tingkat imbal hasil Pemerintah Amerika menjelang rapat FOMC 12-13 Juni.

Stock Closing Rec. S2 S1 R1 R2
ANTM 995 Trading Buy 845 880 1,050 1,030
INDF 6,975 Sell on Strength 6,500 6,800 7,200 7,450
MNCN 1,205 Hold 1,050 1,100 1,240 1,300
TINS 1,000 Trading Buy 920 960 1,040 1,085

Daily Research 24 Mei 2018

S2 S1 IDX R1 R2
5,597.7 5,674.0 5,792.0 5,835.0 5,919.2
  • European market lower as Italy treasury bonds fell sharply while Dow Jones reverse loss and book 0.2% gain at 24,886.8 after FOMC minutes showed Fed Governors feel comfortable letting inflation temporarily run above 2% inflation target as the economy recover.
  • Regional market traded mixed with lower tendency as investor braced for a potential Fed Fund Rate (FFR) hike on June FOMC meeting
  • IDX on a technical rebound yesterday but its candlestick formed inverted hammer pattern which indicates selling pressure.
  • We expect IDX to trade mixed with lower tendency ahead of two public holidays next week.
BBRI

Trading Buy

S2 S1 Level R1 R2
2,655 2,770 2,880 2,940 3,070

BBRI closed the trading higher with a strong volume after on weak trend in the several days creating a technical rebound.

BRPT

Trading Buy

S2 S1 Level R1 R2
2,050 2,130 2,280 2,380 2,470

BRPT closed the session higher with a long white candle pattern and followed by higher volume indicating another upside potential.

INDF

Hold

S2 S1 Level R1 R
6,100 6,375 6,800 7,050 7,250

INDF has a chance to continue rally after ended trading with higher volume. The rally will valid if INDF break above recent diagonal resistance.

PTPP

Sell on Strength

S2 S1 Level R1 R2
2,290 2,390 2,600 2,710 2,830

PTPP has a chance to continue rally after ended trading with high enough volume. The rally will valid if PTPP break above recent diagonal resistance..

Kiwoom Trader 24 Mei 2018

Bursa Eropa turun seiring penurunan tajam obligasi Pemerintah Italia. Dow Jones berhasil ditutup naik 0.2% pada level 24,886.8 setelah rilis notulen rapat FOMC mengindikasikan Gubernur Bank Sentral dapat menerima kenaikan tingkat inflasi diatas target 2% seiring perbaikan ekonomi Amerika. Bursa regional diperdagangkan mixed dengan kecenderungan negatif atas ekspektasi kenaikan Fed Fund Rate (FFR) dalam rapat FOMC bulan Juni. IHSG rebound kemarin namun candlestick membentuk pola inverted hammer yang mengindikasikan masih adanya tekanan jual. Kami memperkirakan IHSG bergerak mixed cenderung menurun hari ini menjelang banyaknya hari libur minggu depan.

Stock Closing Rec. S2 S1 R1 R2
BBRI 2,880 Trading Buy 2,655 2,770 2,940 3,070
BRPT 2,280 Trading Buy 2,050 2,130 2,380 2,470
INDF 6,800 Hold 6,100 6,375 7,050 7,250
PTPP 2,600 Hold 2,290 2,390 2,710 2,830

Kiwoom Trader 21 March 2018

Bursa Eropa dan Amerika mengalami teknikal rebound seiring dimulainya rapat FOMC 20-21 Maret dimana Fed Fund Rate diperkirakan naik 25 basis poin dalam rapat tersebut. Kendati Dow Jones naik 0.5% pada level 24,727 bursa regional diperdagangkan mixed pagi ini. Kenaikan yield obligasi Amerika serta kebijakan tarif Amerika masih membayangi sentimen pasar. IHSG membentuk pola hammer pada garis diagonal support sehingga berpotensi mengalami teknikal rebound hari ini. Kami memperkirakan IHSG bergerak mixed cenderung positif hari ini ditengah masih berlanjutnya aksi jual investor asing.

Stock Closing Rec. S2 S1 R1 R2
ASII 7,300 Speculative Buy 6,975 7,150 7,450 7,650
INDF 7,000 Sell on Strength 6,500 6,700 7,200 7,450
INTP 18,950 Buy on weakness 17,675 18,425 19,375 20,200
MAPI 7,725 Sell on Strength 7,050 7,400 8,000 8,500